Some Estate Agencies (members and non-members) are still referring to “IEASA Recommended Tariffs” in their contracts.
Please note that the IEASA no longer issues any guidelines on estate agent commissions and fees. They were discontinued in 2004, in view of changes in the competition laws. There are currently no official or unofficial guidelines or tariffs whatsoever and since 1993, it's been an offence for an estate agent to tell people that commissions are fixed or prescribed or regulated in any way.
We urgently request that any references to tariffs in contracts are removed as a matter of urgency.
For a copy of the articles at the time click here
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